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1171. Cyprus forecasts high GDP growth of 3% plus until 2021

High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the cabinet...

1172. Treppides Group joins London Hedgeweek Funds panel in Malta

George P. Nicolaou, member of the Board of Management of Treppides Group and Head of Operations of Finanz Fund Services Ltd, a regulated Fund Administration Company under Malta Financial Services Authority, will be on the speakers panel at an event organised by Hedgeweek in London on the 23rd of May 2018...

1173. Co-op receives two bids in good bank, bad bank scenarios

The Cooperative Central Bank (CCB) announced on Monday it has received two bids as part of its privatisation process launched in March, with one bidder going after the ‘good bank’ scenario just as the European Commission approved the acquisition of Altamira Cyprus by a joint platform with CCB and one of the bidders...

1174. The 'guards' are waiting

Today, Greece is being run by a combination of “pink guards” officials of the old PASOK, friends and relatives...

1175. Radisson hotels take over Larnaca

The well known Radisson hotel chain will soon be welcoming guests in Larnaca, with Radisson Blu coming in July and two more in the works ...

1176. First shipping minister sets ambitious targets for Cyprus

The country’s location and tax system have made it a shipping magnet -- drawing maritime companies from Norway, Greece, Dubai and South Korea -- and prompting the creation of a ministry for the industry...

1177. Cyprus is 'dragging its feet' on nature protection

With regard to Cyprus, none of the 11 evaluation criteria received positive scores, with the great problem of the inadequate protection and management of the Natura 2000 sites ...

1178. J&P Overseas struggles to make things right

There is no end in sight in the bitter division within J&P Overseas, with one executive drawing on the company’s old glory to save the company while another pointing to mismanagement and threatening to take legal action....

1179. Millions in compensation to Cyprus Airports under review

A compensation agreement between the state and Hermes Airports is being challenged in parliament, echoing a public debate on how Larnaca and Paphos airports should receive government funds due to the operation of the illegal Ercan (Tymbou) airport in the north....

1180. Rare glimpse of Assad ties to Russia as his kids enjoy lavish holidays

That Assad’s sons Hafez and Karim and daughter Zein had stayed at the resort last year with a group of other Syrian children was made public only this week...

1181. FinMin: Revenue from NPLs management will repay cost of support to Co-op

Government moves include establishing an asset – management company, based on conditions that the competent European institutions will set and depending on the finalisation of investment interest in the Co-op...

1182. May assures Cyprus that use of RAF base was limited

1183. Southeast Asia's idyllic islands buckle under tourism strain

Airports have become chaotic, hotels are being thrown up hastily with little regard for safety and sanitation...

1184. Privatisation of Co-op may lead to the creation of a 'bad bank'

A process launched by the nationalised Cooperative Cyprus Bank may lead to the creation of an Asset Management Company also known as a bad bank ...

1185. J&P starts to pay workers again

J&P workers in Saudi Arabia finally got their December pay cheque following a protracted labour dispute with the management of the Cypriot company, which is facing a number of financial challenges. Cypriot workers are still waiting to get paid but it looks like they will have to wait until after the Easter holidays....

1186. Strike-hit Air France expects 75% of flights to operate

The Air France strike is expected to ground 30% of the carrier’s long-haul flights out of Paris’ main Charles de Gaulle airport...

1187. Suspected Boko Haram militants kill 15 in Nigeria

Maiduguri is the epicentre of the nine-year conflict with Boko Haram that has killed more than 20,000 people...

1188. Paphos mayor says car park permit not lawful

Paphos mayor Fedonas Fedonos says a parking lot outside a produce market was not licensed lawfully, pointing fingers at Turkish Cypriot Properties Management, while the private business says an offer had been refused by the city previously....

1189. J&P Overseas in dire straits

The Cyprus-based J&P Overseas construction company is in a negative spotlight this week, after a series of damning letters sent by employees to Riyadh’s management were made public. The allegations are pretty ugly but the company vows to fix problems....

1190. Executive at fire-ravaged Russian shopping mall arrested

The top floor of the complex, where the fire started, was packed with families visiting a cinema and a children’s play area...

1191. Cyprus central government debt at €18.3 billion at end 2017

Cyprus central government debt reached 18.315 million in the end of 2017 marking a decline of 3.6% compared with 2016, according to data released today by the Finance Ministry’s Public Debt Management Office (PDMO)....

1192. UK urged to prioritise travel in Brexit talks to create jobs

The WTTC predicts tourism could create around 400,000 new jobs in Britain over the next 10 years...

1193. Norway underlines faith in London with unlisted property bets

The Norwegian fund is one of the biggest foreign investors in Britain...

1194. Crisis Management

When collective decision-making takes place in a haphazard manner, it means that the process is seriously flawed...

1195. There is nothing natural about gas debate

There are many interests at stake, of multiple colours since we are dealing with flags, and so there will definitely be a discussion on gas. And even if we are talking about something found in nature… I expect this discussion to be anything but natural....

1196. Cypriot businessman beats the Trumps in Panama

A Panamanian court has evicted the Trump management team from the Trump Ocean Club International Hotel and Tower in Panama City, in an apparent victory for the hotel’s majority owner, Panama-based Cypriot businessman Orestes Fintiklis, who has fought to regain control of the property....

1197. Cysec to wrap up inquiries on the banking crisis

The three cases concerning the now-defunct Laiki Bank with regard the acquisition products by German Commerzabank, the reclassification of the Greek bonds held by Laiki, and the investment of Bank of Cyprus in Banca Transilvania...